Worthington Operating Income vs Interest Expense Analysis

WOR Stock

USD 59.60 1.99 3.45%

Worthington Industries financial indicator trend analysis is more than just analyzing Worthington Industries current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Worthington Industries is a good investment. Please check the relationship between Worthington Industries Operating Income and its Interest Expense accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worthington Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Worthington Stock, please use our How to Invest in Worthington Industries guide.

Operating Income vs Interest Expense

Operating Income vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Worthington Industries Operating Income account and Interest Expense. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Worthington Industries' Operating Income and Interest Expense is 0.12. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Worthington Industries, assuming nothing else is changed. The correlation between historical values of Worthington Industries' Operating Income and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Worthington Industries are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Operating Income i.e., Worthington Industries' Operating Income and Interest Expense go up and down completely randomly.

Correlation Coefficient

0.12

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Worthington Industries operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Worthington Industries is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Most indicators from Worthington Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Worthington Industries current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worthington Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Worthington Stock, please use our How to Invest in Worthington Industries guide.At this time, Worthington Industries' Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 04/24/2024, Enterprise Value Multiple is likely to grow to 6.55, while Selling General Administrative is likely to drop slightly above 252.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	714.8M	663.3M	762.8M	385.2M
Total Revenue	5.2B	4.9B	5.7B	5.9B

Gross Profit Total Revenue

Worthington Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Good Will	Intangible Assets	Other Liab
Total Assets		0.92	0.35	0.68	0.97	0.83	0.14	0.96	0.74	0.98	-0.69	0.74	0.96	-0.83	0.96	0.77	0.97	0.64	0.98	0.88	0.98	-0.25	0.95	0.97	0.93	0.96
Short Long Term Debt Total	0.92		0.34	0.7	0.82	0.84	0.43	0.78	0.54	0.95	-0.61	0.54	0.88	-0.86	0.96	0.75	0.89	0.76	0.97	0.72	0.86	-0.12	0.85	0.93	0.81	0.88
Other Current Liab	0.35	0.34		0.46	0.31	0.4	-0.26	0.27	0.61	0.26	-0.23	0.61	0.25	-0.53	0.38	0.43	0.28	0.56	0.36	0.09	0.42	-0.26	0.35	0.36	0.27	0.34
Total Current Liabilities	0.68	0.7	0.46		0.57	0.76	0.4	0.55	0.32	0.65	-0.68	0.32	0.76	-0.79	0.62	0.94	0.57	0.54	0.75	0.45	0.68	0.18	0.76	0.6	0.56	0.62
Total Stockholder Equity	0.97	0.82	0.31	0.57		0.77	-0.03	1.0	0.79	0.94	-0.67	0.79	0.92	-0.74	0.9	0.69	0.95	0.54	0.91	0.93	0.97	-0.31	0.91	0.92	0.93	0.93
Property Plant And Equipment Net	0.83	0.84	0.4	0.76	0.77		0.41	0.75	0.44	0.87	-0.51	0.44	0.82	-0.94	0.85	0.88	0.84	0.81	0.84	0.75	0.76	-0.23	0.79	0.84	0.73	0.79
Net Debt	0.14	0.43	-0.26	0.4	-0.03	0.41		-0.05	-0.52	0.29	-0.09	-0.52	0.26	-0.34	0.25	0.39	0.17	0.35	0.28	0.07	0.0	0.34	0.15	0.21	0.09	0.12
Retained Earnings	0.96	0.78	0.27	0.55	1.0	0.75	-0.05		0.78	0.92	-0.67	0.78	0.9	-0.71	0.87	0.67	0.95	0.47	0.88	0.95	0.96	-0.29	0.89	0.9	0.94	0.92
Cash	0.74	0.54	0.61	0.32	0.79	0.44	-0.52	0.78		0.61	-0.5	1.0	0.58	-0.53	0.67	0.38	0.67	0.41	0.65	0.6	0.82	-0.43	0.66	0.68	0.68	0.72
Non Current Assets Total	0.98	0.95	0.26	0.65	0.94	0.87	0.29	0.92	0.61		-0.65	0.61	0.94	-0.85	0.97	0.76	0.98	0.68	0.97	0.89	0.92	-0.23	0.91	0.98	0.92	0.95
Non Currrent Assets Other	-0.69	-0.61	-0.23	-0.68	-0.67	-0.51	-0.09	-0.67	-0.5	-0.65		-0.5	-0.65	0.6	-0.62	-0.72	-0.59	-0.19	-0.71	-0.54	-0.7	-0.16	-0.67	-0.62	-0.73	-0.71
Cash And Short Term Investments	0.74	0.54	0.61	0.32	0.79	0.44	-0.52	0.78	1.0	0.61	-0.5		0.58	-0.53	0.67	0.38	0.67	0.41	0.65	0.6	0.82	-0.43	0.66	0.68	0.68	0.72
Net Receivables	0.96	0.88	0.25	0.76	0.92	0.82	0.26	0.9	0.58	0.94	-0.65	0.58		-0.77	0.89	0.81	0.9	0.61	0.96	0.85	0.94	-0.19	0.98	0.9	0.87	0.87
Common Stock Shares Outstanding	-0.83	-0.86	-0.53	-0.79	-0.74	-0.94	-0.34	-0.71	-0.53	-0.85	0.6	-0.53	-0.77		-0.86	-0.89	-0.81	-0.8	-0.86	-0.64	-0.78	0.2	-0.78	-0.83	-0.72	-0.84
Non Current Liabilities Total	0.96	0.96	0.38	0.62	0.9	0.85	0.25	0.87	0.67	0.97	-0.62	0.67	0.89	-0.86		0.74	0.95	0.75	0.97	0.81	0.92	-0.33	0.89	0.99	0.9	0.94
Inventory	0.77	0.75	0.43	0.94	0.69	0.88	0.39	0.67	0.38	0.76	-0.72	0.38	0.81	-0.89	0.74		0.7	0.6	0.81	0.61	0.74	-0.01	0.8	0.73	0.71	0.74
Other Current Assets	0.97	0.89	0.28	0.57	0.95	0.84	0.17	0.95	0.67	0.98	-0.59	0.67	0.9	-0.81	0.95	0.7		0.62	0.93	0.93	0.92	-0.28	0.88	0.97	0.93	0.97
Other Stockholder Equity	0.64	0.76	0.56	0.54	0.54	0.81	0.35	0.47	0.41	0.68	-0.19	0.41	0.61	-0.8	0.75	0.6	0.62		0.68	0.41	0.58	-0.39	0.59	0.7	0.45	0.56
Total Liab	0.98	0.97	0.36	0.75	0.91	0.84	0.28	0.88	0.65	0.97	-0.71	0.65	0.96	-0.86	0.97	0.81	0.93	0.68		0.8	0.95	-0.17	0.95	0.96	0.9	0.94
Property Plant And Equipment Gross	0.88	0.72	0.09	0.45	0.93	0.75	0.07	0.95	0.6	0.89	-0.54	0.6	0.85	-0.64	0.81	0.61	0.93	0.41	0.8		0.85	-0.28	0.81	0.86	0.91	0.86
Total Current Assets	0.98	0.86	0.42	0.68	0.97	0.76	0.0	0.96	0.82	0.92	-0.7	0.82	0.94	-0.78	0.92	0.74	0.92	0.58	0.95	0.85		-0.27	0.95	0.93	0.91	0.93
Short Term Debt	-0.25	-0.12	-0.26	0.18	-0.31	-0.23	0.34	-0.29	-0.43	-0.23	-0.16	-0.43	-0.19	0.2	-0.33	-0.01	-0.28	-0.39	-0.17	-0.28	-0.27		-0.28	-0.35	-0.29	-0.24
Accounts Payable	0.95	0.85	0.35	0.76	0.91	0.79	0.15	0.89	0.66	0.91	-0.67	0.66	0.98	-0.78	0.89	0.8	0.88	0.59	0.95	0.81	0.95	-0.28		0.91	0.88	0.89
Good Will	0.97	0.93	0.36	0.6	0.92	0.84	0.21	0.9	0.68	0.98	-0.62	0.68	0.9	-0.83	0.99	0.73	0.97	0.7	0.96	0.86	0.93	-0.35	0.91		0.94	0.96
Intangible Assets	0.93	0.81	0.27	0.56	0.93	0.73	0.09	0.94	0.68	0.92	-0.73	0.68	0.87	-0.72	0.9	0.71	0.93	0.45	0.9	0.91	0.91	-0.29	0.88	0.94		0.95
Other Liab	0.96	0.88	0.34	0.62	0.93	0.79	0.12	0.92	0.72	0.95	-0.71	0.72	0.87	-0.84	0.94	0.74	0.97	0.56	0.94	0.86	0.93	-0.24	0.89	0.96	0.95

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Worthington Industries Account Relationship Matchups

Worthington Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3B	3.4B	3.6B	3.7B	4.2B	4.4B
Short Long Term Debt Total	736.3M	747.8M	844.4M	795.4M	914.7M	960.4M
Other Current Liab	130.2M	210.1M	88.8M	173.0M	198.9M	100.3M
Total Current Liabilities	388.2M	787.9M	932.3M	717.6M	825.2M	440.7M
Total Stockholder Equity	820.8M	1.4B	1.5B	1.7B	2.0B	2.0B
Property Plant And Equipment Net	604.2M	550.1M	795.1M	775.6M	892.0M	575.1M
Net Debt	589.1M	107.5M	809.9M	340.4M	391.5M	340.7M
Retained Earnings	572.3M	1.1B	1.2B	1.4B	1.6B	1.7B
Cash	147.2M	640.3M	34.5M	454.9M	523.2M	549.3M
Non Current Assets Total	1.3B	1.4B	1.9B	1.8B	2.0B	2.2B
Non Currrent Assets Other	(37.0M)	(83.2M)	(80.7M)	(76.1M)	(68.5M)	(65.1M)
Cash And Short Term Investments	147.2M	640.3M	34.5M	454.9M	523.2M	549.3M
Net Receivables	349.4M	641.9M	878.0M	697.1M	801.6M	841.7M
Common Stock Shares Outstanding	56.0M	53.9M	51.0M	49.4M	44.4M	64.2M
Liabilities And Stockholders Equity	2.3B	3.4B	3.6B	3.7B	4.2B	4.4B
Non Current Liabilities Total	976.8M	1.0B	1.1B	1.1B	1.3B	1.3B
Inventory	405.1M	564.8M	759.1M	608.0M	699.2M	355.0M
Other Current Assets	68.5M	69.0M	93.7M	105.0M	120.7M	126.7M
Other Stockholder Equity	283.8M	282.8M	273.4M	290.8M	334.4M	262.8M
Total Liab	1.4B	1.8B	2.0B	1.8B	2.1B	2.2B
Property Plant And Equipment Gross	604.2M	550.1M	1.6B	1.8B	2.0B	2.1B
Total Current Assets	983.2M	2.0B	1.8B	1.9B	2.1B	2.3B
Accumulated Other Comprehensive Income	(35.2M)	45.4M	(22.9M)	(23.2M)	(26.7M)	(28.0M)
Short Term Debt	11M	10.4M	59.9M	15.7M	18.0M	17.1M
Accounts Payable	247.0M	567.4M	668.4M	528.9M	608.3M	638.7M
Good Will	321.4M	351.1M	401.5M	414.8M	477.0M	500.9M
Intangible Assets	184.4M	240.4M	299.0M	314.2M	361.4M	379.4M
Other Liab	247.9M	296.2M	312.3M	332.0M	381.8M	400.9M
Other Assets	1K	30.6M	34.4M	25.3M	22.8M	21.3M
Long Term Debt	699.5M	710.0M	696.3M	689.7M	793.2M	468.1M
Property Plant Equipment	572.6M	550.1M	795.1M	775.6M	698.1M	477.9M
Common Stock	820.8M	1.4B	1.5B	1.7B	2.0B	2.0B
Net Tangible Assets	315.0M	806.8M	780.3M	967.0M	1.1B	586.6M
Noncontrolling Interest In Consolidated Entity	117.1M	145.6M	153.5M	133.2M	153.2M	114.0M
Retained Earnings Total Equity	591.5M	572.3M	1.1B	1.2B	1.4B	736.2M
Long Term Debt Total	699.5M	710.0M	696.3M	689.7M	793.2M	621.3M

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When determining whether Worthington Industries is a strong investment it is important to analyze Worthington Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Worthington Industries' future performance. For an informed investment choice regarding Worthington Stock, refer to the following important reports:

How To Invest In Worthington

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Is Worthington Stock a good investment?

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What is Worthington Industries' Net Worth?

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worthington Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Worthington Stock, please use our How to Invest in Worthington Industries guide.

You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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When running Worthington Industries' price analysis, check to measure Worthington Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Worthington Industries is operating at the current time. Most of Worthington Industries' value examination focuses on studying past and present price action to predict the probability of Worthington Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worthington Industries' price. Additionally, you may evaluate how the addition of Worthington Industries to your portfolios can decrease your overall portfolio volatility.

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Is Worthington Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Worthington Industries. If investors know Worthington will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Worthington Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.53)

Dividend Share

1.11

Earnings Share

4.99

Revenue Per Share

97.839

Quarterly Revenue Growth

(0.09)

The market value of Worthington Industries is measured differently than its book value, which is the value of Worthington that is recorded on the company's balance sheet. Investors also form their own opinion of Worthington Industries' value that differs from its market value or its book value, called intrinsic value, which is Worthington Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Worthington Industries' market value can be influenced by many factors that don't directly affect Worthington Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Worthington Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Worthington Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Worthington Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Worthington Operating Income vs Interest Expense Analysis

Operating Income vs Interest Expense

Operating Income vs Interest Expense Correlation Analysis

Correlation Coefficient

Operating Income

Interest Expense

Worthington Industries fundamental ratios Correlations

Worthington Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Worthington Industries fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 0.99	Non Current Liabilities Total
Non Current Assets Total	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Total Assets

Common Stock Shares Outstanding	- 0.94	Property Plant And Equipment Net
Inventory	- 0.89	Common Stock Shares Outstanding
Total Liab	- 0.86	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.86	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.86	Short Long Term Debt Total
Common Stock Shares Outstanding	- 0.85	Non Current Assets Total